The stock market saw a flurry of activity today, with various companies experiencing significant gains and losses. Industrials led the S&P 500’s gain, while Papa John’s stock fell after Shake Shack named Papa John’s CEO Rob Lynch as its new chief. Apple shares also took a hit after the Department of Justice sued the tech giant in an antitrust case.
On the positive side, Micron Technology saw a surge in its stock price after posting strong AI-driven earnings, heading for its best day since 2011. Additionally, existing home sales posted a surprise jump for the largest gain in a year, and U.S. manufacturing hit a 22-month high in March.
Meanwhile, Five Below sank on disappointing earnings and guidance, while the Bank of England left interest rates unchanged but hinted at possible cuts in the future. Jobless claims edged lower, below expectations, and Reddit priced its IPO at $34 per share.
Overall, the market remains dynamic and volatile, with various factors influencing stock prices and investor sentiment. Stay tuned for more updates on the ever-changing financial landscape.
